DeepSeek Reaches $1 Billion Revenue Run Rate as Chinese AI Startup Pursues $7.5 Billion Funding at $75 Billion Valuation

DeepSeek, the Chinese AI startup that has upended the global foundation-model landscape, has hit an annualized revenue run rate of $1 billion, more than doubling from under $500 million just months ago, as it finalizes a $7.5 billion funding round that would value the company at $75 billion. CEO Liang Wenfeng shared the milestone in a recent investor meeting, signaling both the company's explosive growth and its progression toward a Shanghai Stock Exchange IPO planned for 2027.